Insurers, Former Debtor Agree On Audit Protocols For Trust; Action Dismissed

(September 25, 2019, 4:45 PM EDT) -- WILMINGTON, Del. — Asbestos insurers and an asbestos trust settled their long-running dispute over the insurers’ rights to audit the trust for evidence of fraud with the filing of a consent order Aug. 22 in the Delaware Chancery Court that outlines the scope of annual trust audits by the insurers (AIU Insurance Company, et al. v. Philips Electronics North America Corporation, et al., No. 9852, Del. Chanc.)....

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